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Free 3I0-010 Exam Braindumps (page: 35)

Page 34 of 86
PDF with 342 Questions

What is a settlement date?

  1. the date by which the interest payment on an operation must be made
  2. the last date by which the minimum reserve amount can be paid to the central bank
  3. the date, on which settlement must be made on the contracted amount or the differential amount of an operation
  4. the date a deal is processed

Answer(s): C



What is the meaning of "good value" in FX?

  1. the funds must be in the nostro account of the beneficiary institution by close of business on the agreed upon value date
  2. the funds must be in the nostro account of the beneficiary institution by the beginning of the next business day
  3. the value of interest to be received is higher than the value of fees to be paid
  4. the funds must be in the internal cash account of the clearing house by close of business on the agreed upon value date

Answer(s): A



What is the meaning of settlement (Herstatt) risk?

  1. the risk a payment order will not be processed due to a power failure in which the disaster recovery back-up system fails
  2. any amount that is due to be received under a contract should be regarded as a settlement risk until final confirmation of receipt is confirmed
  3. the risk that settlement arrangements will be made with the wrong counterparty
  4. the risk of aborting settlement procedures due to the unavailability of back office staff

Answer(s): B



A message received and accepted by SWIFT will be acknowledged with:

  1. NAK
  2. ACK
  3. PAC
  4. BAC

Answer(s): B






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